Barney Frank: “I do guard the station. I hope you're not, Representative Mulvaney, equating a tax exemption with a Federal grant.”

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

it was because they were banking crypto, not because they were insolvent.

the very vitality of America's free enterprise economy is rooted in property rights, and without them, capital can't make wise investments.

I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.